Impala Platinum records 17% output increase in Q1 2016
Thursday, 28 April 2016 14:28
During the first quarter of 2016, miner Impala Platinum produced 353,000 ounces of platinum, up 17% from 301,000 ounces in Q1 2015.
The increase is mainly due to higher output at its Zimbabwean mine which produced 89,000 oz during the quarter, compared to 52,000 oz over the same period last year. Moreover, the firm had good results at its Marula and Two Rivers Mimosa mines, in South Africa, which, in addition to volumes provided by Impala Refining Services (IRS) increased Impala’s platinum output by 32.9%.
However, the company also had some major drawbacks. Out of a total of six deaths, Implats recorded two deaths at Impala Rustenburg and one at Mimosa.
The firm plans this year to produce 1.42 million ounces of refined platinum at an average cost of R22500/oz.
Impala operates, in Zimbabwe, the Ngezi mine in which it detains a 30% stake. The Johannesburg-based company contributes 22% of platinum produced worldwide.
Louis-Nino Kansoun
Live News
-
Africa Tightens Data and AI Rules but Enforcement Gaps Persist, Yellow Card Says
09:41
-
Burundi Launches Real-Time Payments Platform Backed by World Bank
09:37
-
S&P Global Ratings Africa Risk Map Reveals Industrial Sovereignty As Competitive Advantage
08:56
-
Côte d’Ivoire Topples Cameroon as UBA's Top Profit Engine in 2025
08:33
-
Guinea Launches University Reform Projects as Graduate Unemployment Exceeds 40%
07:53
-
Guinea Eyes Medusa Subsea Cable for Second Internet Link, MoU Due May 6
07:38
-
Cameroon’s SNH Tightens Oil Contracts as Market Volatility Reshapes Pricing
04:25
-
Cameroon Plans 28 km Bypass to Ease Congestion on Key Douala-Bangui Corridor
03:59
-
Cameroon Opens Public Review of Environmental Impact for Edéa Quarry Project
20:13
-
RAINE project enters operational phase with “Mawuse” tunneling machine
19:19
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...
As the Japanese automaker faces global headwinds, it is doubling down on its operations in Egypt, ai...
45 African countries enacted data protection laws, while 16 adopted national AI strategies. 39 countries now operate fully functional data protection...
S&P Global Ratings ranked 25 African sovereigns by exposure to the Middle East war on April 23 When read against IMF and World Bank reports issued in...
Guinea launches MPS30, MPS32 to reform higher education system Projects aim to align curricula with labor market needs Low graduate employment drives...
Guinea plans second subsea cable via Medusa to boost resilience MoU expected May 6; system capacity designed at 480 Tb/s Move aims to cut costs,...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....
CANAL+'s film arm backs a ZAR 300-million feature rooted in South Africa's anti-apartheid music movement. Production kicks off June 29 in Cape Town,...